UBC News

SBA Loan Defaults: How to Handle Wage Garnishment & Federal Collections

Episode Summary

SBA loans at Treasury do not expire. Administrative wage garnishment and Treasury offsets can continue until the balance is resolved. This episode explains why and how borrowers can respond.

Episode Notes

Many SBA borrowers believe a disaster loan will “time out” if they wait. It won’t. Once a loan goes to the Bureau of the Fiscal Service, Treasury collections do not expire. SBA & Federal Debt Advisory Services City: Hutto Address: 143 Exchange Blvd - Suite 300-41 Website: https://www.nontaxdebthelp.com